real-bills doctrine

简明释义

真实票据理论，真实票据学说

英英释义

例句

1.The banking system relies on the principles of the real-bills doctrine 真实票据理论 to ensure liquidity.

银行系统依赖于真实票据理论 real-bills doctrine 的原则来确保流动性。

2.The central bank's adherence to the real-bills doctrine 真实票据理论 has influenced its monetary policy decisions.

中央银行对真实票据理论 real-bills doctrine 的坚持影响了其货币政策决策。

3.Understanding the real-bills doctrine 真实票据理论 is crucial for finance students studying monetary theory.

理解真实票据理论 real-bills doctrine 对于学习货币理论的金融学生至关重要。

4.In times of economic uncertainty, the real-bills doctrine 真实票据理论 is often revisited by policymakers.

在经济不确定时期，政策制定者常常重新审视真实票据理论 real-bills doctrine。

5.Critics argue that the real-bills doctrine 真实票据理论 can lead to excessive inflation if applied too liberally.

批评者认为，如果过于宽松地应用真实票据理论 real-bills doctrine，可能会导致过度通货膨胀。

作文

The concept of the real-bills doctrine is a fundamental principle in monetary theory, particularly concerning the role of banks and the issuance of credit. At its core, the real-bills doctrine posits that banks should only issue loans that are backed by tangible assets or real bills of exchange. This doctrine emerged during the 19th century as a response to the financial crises that plagued economies when banks overextended their credit without sufficient backing. By adhering to the real-bills doctrine, banks ensure that their lending practices are grounded in actual economic activity, thereby promoting stability in the financial system.To understand the implications of the real-bills doctrine, it is essential to consider how it influences banking operations and economic growth. When banks issue loans based on real assets, they contribute to the productive capacity of the economy. For instance, if a farmer needs a loan to purchase seeds and equipment, the bank can provide this loan by using the farmer’s future crop yield as collateral. This not only helps the farmer but also stimulates agricultural production, creating a ripple effect throughout the economy.Moreover, the real-bills doctrine serves as a safeguard against inflation. By restricting credit creation to loans backed by real goods, banks are less likely to engage in reckless lending practices that can lead to asset bubbles and subsequent crashes. In essence, the real-bills doctrine encourages responsible banking behavior, ensuring that credit is allocated to ventures that have a genuine potential for generating economic value.However, critics of the real-bills doctrine argue that it may be too restrictive in modern economies, where financial instruments and services have become increasingly complex. They contend that the rigid application of this doctrine could hinder innovation and entrepreneurship. For example, startups often require funding based on future potential rather than existing tangible assets. In such cases, adhering strictly to the real-bills doctrine could stifle economic dynamism.Despite these criticisms, the real-bills doctrine remains relevant today, especially as economies grapple with issues of debt and financial regulation. Policymakers and economists often reference this doctrine when discussing the need for sound monetary policy and banking practices. It serves as a reminder of the importance of linking credit creation to real economic activity, which can help prevent the excesses that lead to financial instability.In conclusion, the real-bills doctrine is a vital concept in understanding how banks operate and the role they play in the economy. By advocating for loans that are backed by tangible assets, this doctrine promotes financial stability and encourages responsible lending practices. While there are valid concerns about its applicability in a rapidly evolving financial landscape, the principles underlying the real-bills doctrine continue to resonate in discussions about monetary policy and economic growth. Ultimately, balancing the need for innovation with the principles of sound banking is crucial for fostering a resilient economy.

“真实票据理论”是货币理论中的一个基本原则，特别涉及银行的角色和信用的发行。其核心观点是，银行应仅发行由有形资产或真实票据支持的贷款。这个理论在19世纪出现，作为对经济危机的回应，当时银行在没有足够支持的情况下过度扩展信用。通过遵循“真实票据理论”，银行确保其放贷实践基于实际经济活动，从而促进金融系统的稳定。要理解“真实票据理论”的影响，必须考虑它如何影响银行运营和经济增长。当银行基于真实资产发放贷款时，它们为经济的生产能力做出了贡献。例如，如果一位农民需要贷款购买种子和设备，银行可以通过使用农民未来作物收益作为抵押来提供这笔贷款。这不仅帮助了农民，还刺激了农业生产，在整个经济中产生连锁反应。此外，“真实票据理论”还作为防止通货膨胀的保障。通过限制信用创造仅限于有真实商品支持的贷款，银行不太可能参与可能导致资产泡沫和随之崩溃的鲁莽放贷行为。从本质上讲，“真实票据理论”鼓励负责任的银行行为，确保信贷分配给具有真正产生经济价值潜力的项目。然而，“真实票据理论”的批评者认为，在现代经济中，这一理论可能过于严格，因为金融工具和服务变得越来越复杂。他们认为，严格应用这一理论可能会阻碍创新和创业。例如，初创公司通常需要基于未来潜力而非现有有形资产的资金。在这种情况下，严格遵循“真实票据理论”可能会抑制经济活力。尽管存在这些批评，“真实票据理论”在今天仍然相关，特别是当经济面临债务和金融监管问题时。政策制定者和经济学家在讨论货币政策和银行实践的必要性时，常常引用这一理论。它提醒人们将信贷创造与实际经济活动联系起来的重要性，这有助于防止导致金融不稳定的过度行为。总之，“真实票据理论”是理解银行运作及其在经济中所扮演角色的重要概念。通过倡导仅发行由有形资产支持的贷款，这一理论促进了金融稳定并鼓励负责任的放贷实践。虽然关于其在快速发展的金融环境中的适用性存在合理的担忧，但“真实票据理论”背后的原则在有关货币政策和经济增长的讨论中仍然引起共鸣。最终，在创新需求与稳健银行原则之间取得平衡，对于促进经济韧性至关重要。